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10/19/2006 October 19, 2006

LEASE AGREEMENT

This LEASE, entered into by Brown Property Management hereinafter called “Management, Management Agent or Landlord” and

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2.______

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3.______

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4.______

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5.______

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6.______

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called “Resident(s) or Tenant(s)”. All persons living in the leased premises must sign this Lease. All Residents shall be jointly and severally liable for all terms of this lease. Each Resident is responsible for the total amount of the rent and all terms of this agreement.

Landlord and Tenant, in consideration of their mutual undertakings, agree as follows:

Landlord hereby leases to Tenant and Tenant hereby leases from Landlord:___205 E. 20th St. #3______(Hereinafter referred to as “Leased Premises”) and all appurtenances thereto for the term of this Lease.

The terms of this Lease begins on ______

and ends on ______.

Tenant without demand or notice shall pay rent in the sum of ______Dollars ($______) in monthly installments of ______Dollars ($______) payable on ______ and on the first (1st) of every month for ______(_11____) successive months, or before the first (1st) day of each month in advance, at the Landlords address as set forth in this Lease, or other address as directed by Landlord. Payments not made as one single payment or check may be subject to an additional charge of ten percent (10%). Time is of the essence is implied in this agreement, that is to say that time is an important element of this agreement. Payment for rent or monies not made on the date due will be subject to additional fees not to exceed ten percent (10%) of the monthly installments. This amount will automatically be added to the monthly installment. Tenant agrees that this late fee is not disproportionate to the Landlord’s loss and actual expenses and is not a penalty. Total late fees assessed for a late installment will not exceed $100.00. Tenant agrees that any payment or partial payment will first be applied to the payment of late fees and the balance, if any, to the next installment of rent.

This Lease is upon the following covenants, terms and conditions set forth on the following pages and attachments:

1. PAYMENT

All payments pursuant to this lease should be made payable to:

BROWN PROPERTY MANAGEMENT

Delivered or mailed to: 899 S. College Mall Road #136

Bloomington, IN 47401

Hand Delivered to: 899 S. College Mall Road #136 (UPS Store Box 136)

Bloomington, IN 47401

2. SECURITY PAYMENT

The sum of ______Dollars ($______) is hereby paid by Tenant as security (and not as a payment of rental, final or otherwise) for the full and faithful performance by Tenant of all its duties under this Lease and without any liability on Landlord for interest. In an Event of Default as heretofore defined, Landlord may apply such sum to any liability; for damages caused Landlord without waiving or limiting its right to further hold Tenant for liability, cost or damages otherwise due. Within forty-five (45) days after the termination of this Lease, Landlord shall repay to Tenant all or such part of the sum paid as security to which Tenant shall be entitled, in accordance with Indiana Law. The check and accounting of security deposit will be issued to the names on this document and mailed to the single name and address as provided to the landlord in writing. If none is provided it will be mailed to the information provided in paragraph 6 of this document. Tenants may not apply the Security Deposit to rent payments. Tenants agree to notify landlord of any contest or dispute of the summary statement accompanying the deposit within forty-five (45) days of issuance of said deposit settlement statement. Tenants hereby authorize Landlord to deduct the following in addition to the above, from the Security Deposit:

(a)  cost of repairs, replacement, repainting, refurnishing of the Leased Premises; other than reasonable wear and tear.

(b)  cost of repair of fixtures or appliances caused by other than reasonable wear and tear;

(c)  cost of reasonable cleaning expenses, including professional floor reconditioning; see

(d)  Attachment B; Landlord Handbook; Attachment D and Cleaning Requirements.

(e)  cost of non-paid rental payments including late fees, finance charges and legal fees;

(f)  cost of other items not listed here in at a rate not to exceed 125% of the actual cost.

An addendum with some costs of the above items is attached to this lease. The Landlord will not pay interest on the security deposit.

3.  CLEANING FEE

The sum of ______Dollars($______)

Is herby paid by the Tenant as a fee (and not as a deposit) for the purpose of cleaning the unit at the conclusion of the lease term. If the cost of cleaning exceeds this amount the tenant will be responsible for the additional costs.

4.  CARPET CLEANING FEE

The sum of ______Dollars($______)

Is hereby paid by the Tenant as a fee (and not as a deposit) for the purpose of cleaning the carpets in the unit at the conclusion of the lease term. If the cost of carpet cleaning exceeds this amount the tenant will be responsible for the additional costs

5. LOCK FEE

The sum of ______Dollars($______)

Is hereby paid by the Tenant as a fee (and not as a deposit) for the purpose of changing all entry locks at the unit prior to the start of the lease term.

6. OFFICIAL OR MAIN CONTACT & FORWARDING ADDRESS

Tenant has provided a single name, address & phone number to be used by Landlord for contact prior to and after the lease period. This address is also deemed sufficient for the return of the security payment & security itemized statement as set forth in Section 1, if landlord is not notified differently. Security payment will be returned to this address in a form of a single check made payable to all Residents.

Name: ______

Address:______

Cell Phone: ______

7. OCCUPANCY

The number of Tenants or occupants of the Leased Premises shall not exceed _____ adult persons.

8. PETS

(A) No pets shall be allowed in, on, or about the premises. Pets include any and all animals and any pet on the premises without prior written permission may result in the tenant being in default of this agreement.

______Tenant Initials ______Agent Initials

(B) Tenant may have pets in, on, or about the premises with prior written permission of the Landlord. The Landlord shall have the sole discretion as to what pets, if any, shall be allowed. Pets include any and all animals and any pet on the premises with or without prior written permission may result in the tenant being in default of this agreement.

______Tenant Initials ______Agent Initials

9. UTILITIES

Tenant shall contract for and pay for all utilities, which serve the premises unless otherwise stated herein. Landlord will provide service for the all public utilities to the exterior of the building. Tenant is responsible for installation and maintenance of the services from the exterior to any specific location in the dwelling. Tenants are responsible for paying the charges and deposits for all utilities. Utilities must be put in the name of tenant within three (3) business days of occupancy. When Landlord provides utilities as part of the lease agreement, Tenant will be responsible for excessive usage or may be considered in breach of this lease agreement. Excessive usage will be determined by comparing Tenant usage with the average usage for the previous years, as provided by the appropriate utility company.

TENANT PAYS: LANDLORD PAYS:

Electricity ______

Natural Gas ______

Water & Sewer ______

Trash ______

Television Cable ______

Broadband ______

10. RULES & REGULATIONS (Use, Quiet Enjoyment, Compliance with Laws, Signs)

If Tenant shall perform all of the terms, covenants and agreements herein provided to be preformed on Tenant’s part, Tenant shall, at all times during the term, have the peaceable and quiet enjoyment of possession of the Leased Premises without any manner of hindrance from the Landlord or any parties lawfully claiming under Landlord.

Tenants shall maintain the dwelling unit temperature at or above 58 degrees Fahrenheit during the winter months to prevent frozen water pipes. Failure to maintain a temperature of 58 degrees Fahrenheit may result in a $100 charge and the tenant will be responsible of any damages.

The Leased Premises shall be used by the Tenant only for the purpose of a private dwelling. Tenant shall keep the Leased Premises in a clean and orderly condition and shall conduct themselves in a careful and safe manner. Tenant shall not use the Leased Premises or maintain them in any manner constituting a violation of any ordinance, statue, regulation, in order of any governmental authority, including without limitation, zoning ordinances, nor shall Tenant maintain, permit, or suffer any nuisance to occur or exist on the Leased Premises. Tenant shall not affix to or upon the exterior of the Leased Premises any sign, insignia, or decoration without the prior written consent of Landlord, which consent shall not be unreasonably withheld.

Tenant agrees to abide by the information and regulations contained in the Landlord Handbook and any additional information given to the Tenant during the lease term by the Landlord. Information may be given to Tenant in writing, verbally or electronically and is deemed sufficient when presented to Tenant. This information and regulations may be for the benefit of the Tenant or the Landlord. Said regulations and addenda are hereby incorporated by reference to this lease when they are delivered in writing to the tenant’s leased premises or given directly to the tenant. A breach of rules and regulations or any provision in the lease is considered a substantial breach of the lease, which, at Lessor’s opinion, may subject you to a suit for ejectment and damages.

11. CONDITION OF PREMISES & INSPECTION

Tenant acknowledges that the Leased Premises including appliances, furnishings and adjacent areas, have been examined prior to the execution of the Lease. Tenant accepts the Leased Premises as habitable in its present condition. Tenant hereby acknowledges that the property may experience wear and tear prior to the commencement of this Lease. Tenant acknowledges that no representation, warranty or promise has been made by Landlord or its agents as to the condition or repair of the Leased Premises. Landlord is not and shall not be responsible for or bound by any express or implied warranties, guarantees, promises, statements or information pertaining to the Leased Premises made by the Landlord or on the behalf of the Landlord unless such information is contained in this Lease. Tenant agrees to complete a move in inspection with the Landlord within ten (10) days of receiving the property. Items found not to be in the same condition as of the date of this agreement or not as expressed in this agreement, require notice to cure from Tenant and sufficient time for Landlord to cure, and do not result in a default of this agreement. Tenant will return the lease premises to the landlord upon the completion of the term of this agreement in the same condition as they were received and not the condition at the time of execution of this Lease. Landlord agrees to provide the property in accordance with required State and Local statutes. Tenant accepts the lease premises “as is”.

12. PEST CONTROL

Landlord shall not be liable for the presence of insects, bugs, and vermin, if any, in the leased premises, nor for damage there from, nor shall their presence in any way affect this lease. The Landlord shall provide for pest control service, at the Tenants cost, if requested.

13. LANDLORD MAY MOVE OR REMOVE

Landlord may move or remove tenant’s personal property in the event of an emergency or other event, which could result in damage to the personal property of the tenant or the leased premises.

14. ACCESS BY LANDLORD TO LEASE PREMISES

Landlord, Management, Management agent, Landlord’s agents and Prospective lessees, purchasers or mortgagees shall be permitted to inspect and examine the Leased Premises at all reasonable times and Landlord shall have the right to make any repairs to the Leased Premises which Landlord may deem necessary, but this provision shall be construed to require Landlord to make repairs except as in otherwise required hereby. For a period commencing nine (9) calendar months prior to the expiration of the term of this Lease or upon receiving notice of non-renewal from Tenant, Landlord may maintain “For Rent or Lease” signs on the front of any part of the Leased Premises and show the property to perspective new tenants. Permanent signage will be on the property for the entire term of this agreement.

15. ALTERING & MAINTENANCE OF LEASED PREMISES

Tenant shall not cause or permit any alterations, additions, or changes of or upon any part of the Leased Premises without first obtaining the written consent of Landlord. All alterations or changes to the Leased Premises shall be made in accordance with all applicable laws and shall become the property of Landlord. Tenant shall not place nails or other hanging devices in the walls of said premises.